Easier access to finance and help for small and medium-sized business development. "373" programme approved by the Government
Small and medium-sized enterprises in the Republic of Moldova will be able to benefit from accessible financing for the implementation of investment projects under the "373" Programme, approved by the Executive.
The programme provides for the granting of investment loans by banks, with partial compensation of the interest rate by the state and guaranteeing, where appropriate, the loans with financial guarantees. Thus, the interest rate on loans in foreign currency is 3% and in lei - 7%. For loans with a maturity of up to 7 years, the maximum grace period is 3 years. The interest rate difference will be covered through the Public Institution Entrepreneurship Development Organisation (ODA).
Financing for activities under the "373" Innovative Investment Stimulation Programme will be provided through the Fund for Entrepreneurship and Economic Growth of Moldova (FACEM). This will be done within the limits of the state budget allocated for that year and through external financial assistance, the government said in a statement.
"Our priority is to grow the economy. In this regard, the SME sector is a vital one, and the "373" programme is a substantial help for the business environment to develop and create new jobs," said Deputy Prime Minister Dumitru Alaiba, Minister of Economic Development and Digitisation.
The project provides for the possibility of granting a guarantee from the Credit Guarantee Fund, but not exceeding 40% of the amount of the loan requested. The financial resources available for the implementation of the "373" Programme amount to RON 255.7 million.
